Arch Resources Inc - Class A

NYSE: ARCH
$161.39
-$1.79 (-1.1%)
Closing price April 22, 2024
Arch Resources Inc, based in Saint Louis, Missouri, specializes in producing and selling metallurgical products. With active mines across the United States, including Ohio, West Virginia, Wyoming, and more, the company focuses on supplying coal primarily for steel and utility industries. Arch Resources has a broad international and domestic customer base, catering to utility, industrial, and steel producers. Founded in 1969, it has grown to control significant coal land leases, contributing to its position in the metallurgical sector.
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A proposed joint coal mining venture in the Powder River Basin between Arch Resources and Peabody Energy has been stopped by a federal judge in St. Louis.
U.S. demand for coal is rising as the country's need for energy increases with the stuttering recovery from the COVID-19 pandemic.